It isindowntownMontrealandtheislandsistersfoundthemostforeignto the Canada condoowners. Infall2014,6.9%ofcondominiumsof theVille-Marieboroughandthesistersislandbelongedtoownerswhosepermanentresidencewasnot in the Canada.

“Foraninvestor,the purchaseof acondominiummaybeinteresting on the side of theMontréalmarket. Pricesarehigherthan elsewhereintheCanada,there are considerablepricedifferentials,soitcanbeoneof the reasons. “–DavidL’Heureux,senioranalystofmarkets,CMHC

Buttheseoftenwealthybuyersdistortthemarketbyraisingpricesin downtown? According to economists,theanswerisno.Astherearecurrently20sellersofcondosforaboutabuyerintheMontréalmarket,theywouldratherslow downthefallandstabilisethemarket.